Copa Holdings (CPA) Q2 Earnings Top, 2024 Outlook Updated

Copa Holdings, S.A. (CPA) second-quarter 2024 earnings per share of $2.88 surpassed the Zacks Consensus Estimate of$2.77 but declined 26.5% year over year. Revenues of $819.4 million lagged the Zacks Consensus Estimate of$841 million but rose 1.3% year over year on the back of upbeat passenger revenues. Passenger revenues (which contributed 95.4% to the top line) increased 1% from second-quarter 2023, owing to a 10.6% year-over-year increase in passenger traffic, partly offset by an 8.7% decrease in passe ...